Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)

Analysis on the Relationship Between Economic Cycle Fluctuation and Enterprise Property Insurance Cycle Fluctuation

Authors
Shijing Li, Chengyi Pu
Corresponding Author
Chengyi Pu
Available Online 12 April 2021.
DOI
https://doi.org/10.2991/aebmr.k.210409.020How to use a DOI?
Keywords
Enterprise property insurance, Iinsurance cycle, Economic cycle, Fixed effect multiple regression model
Abstract
based on the enterprise property insurance market, from 2003 to 2015 in addition to Hong Kong, Macao and Taiwan regions of 31 provinces, municipalities and autonomous regions of time series, panel data as samples, using fixed effect of multiple regression model to estimate the insurance cycle and economic cycle fluctuation correlation, the results showed that the insurance cycle and the lag phase value of economic cycle is significant positive correlation.The regression results show that the periodic fluctuation of China’s economy will have a significant positive impact on the periodic fluctuation of enterprise property insurance, and the cycle of enterprise property insurance is likely to lag behind the economic cycle by about one year, that is, the economic cycle fluctuation is an important reason for the periodic fluctuation of enterprise property insurance market.It enriches the theory of enterprise property insurance demand and the correlation study between insurance cycle fluctuation and macro-economic fluctuation, so as to provide inspiration for the regulatory authorities to forecast the insurance cycle of enterprise property insurance market and carry out counter-cyclical supervision according to the macro-economic forecast.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Shijing Li
AU  - Chengyi Pu
PY  - 2021
DA  - 2021/04/12
TI  - Analysis on the Relationship Between Economic Cycle Fluctuation and Enterprise Property Insurance Cycle Fluctuation
BT  - Proceedings of the 9th Annual Meeting of Risk Analysis Council of China Association for Disaster Prevention (RAC 2020)
PB  - Atlantis Press
SP  - 127
EP  - 132
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210409.020
DO  - https://doi.org/10.2991/aebmr.k.210409.020
ID  - Li2021
ER  -